dos. Believe that a collector failed to increase throughout 2016 an initial-lien safeguarded transaction safeguarded by the property that is based in a rural or underserved area. Assume further the same creditor expanded during 2015 an initial-lien secured transaction which is based in an outlying or underserved area. Imagine then your creditor consummates a top-cost home mortgage into the 2017 by which the application is actually received in the an initial-lien safeguarded purchase secure by the a house that’s based in a rural otherwise underserved urban area, and software is received toward otherwise immediately after , the fresh creditor doesn’t meet this disorder for exclusion.
ii. The fresh new collector and its affiliates to each other prolonged just about 2,000 secured transactions, because defined during the (b)(1), protected from the first liens, which were marketed, assigned, or otherwise transported of the collector otherwise the associates to some other person, otherwise that have been topic during the time of consummation to a beneficial dedication to end up being gotten by someone, into the before season or during both of the two before calendar ages if your application for the loan try obtained just before April hands down the newest calendar year. Continue reading